Floating profits are like flowers in a mirror or the moon in water; only when profits are locked in do they become real cash. If you stop losses in time, that too is a form of profit. The market never lacks opportunities, what’s lacking is the patience to wait for them and the confidence to withstand risk. Looking back at Thursday’s market, bears were slightly stronger in the tug-of-war between bulls and bears. The market showed a continuous pattern of consolidation during the day, then started to move under pressure in the evening, with the expected downward trend arriving and the bearish structure steadily moving lower. The bullish trend given by Changsheng was also precisely controlled.

After the sharp drop, the latest Bitcoin candlestick shows a clear sign of stopping the decline: on the four-hour chart, there is a significant lower shadow, and on the one-hour chart, although the price briefly dipped below 90822, it was quickly pulled back, indicating that the bears could not sustain heavy selling. The current structure is still a weak consolidation at the end of a pullback. As long as the bullish bottom line holds, market sentiment will not turn bearish. As long as the key support at 90800 is not broken, the overall trend is still expected to recover upward. This is a bullish view amid a weak rebound, and there is still room for a further rebound.

Follow the official account: Changsheng Watches the Trend

Operation suggestions:
BTC: Go long near 91500, target 94000

ETH: Go long near 3050, target 3400

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